Contributors
Womble Bond Dickinson (WBD) has advised on the latest expansion of a major carpet and flooring distributor with the acquisition of a Nottingham-based company.
The firm's Corporate Finance team, which advises a number of globally-leading consumer brands and retailers, has acted for TradeChoice, a member of the Carpetright group, on the purchase of T&R Floor Covering Distribution, a family-run firm with more than three decades of expertise in the East Midlands.
The acquisition sees the company, which manages 13 branches across England, Wales, and Scotland, bolster its logistical network and ensure more efficient transport and storage options for its clients.
Partner Simon Watts and managing associate David Ridley led the multi-specialist team advising TradeChoice on the purchase, with solicitors Hannah Severgnini and Becky Brook providing corporate expertise.
David said:
"WBD are a trusted long-term advisor to the Carpetright group, and we are pleased to have been able to act on behalf of TradeChoice to acquire this strong new addition to the group.
This acquisition will not only add to the wealth of experience already embedded within the organisation, but will support TradeChoice's strong ambitions for growth within the region and increase efficiencies across its wider network."
Harvey Youngman, financial director at TradeChoice, commented:
"We are thrilled to be adding a dedicated and trusted regional company in T&R Floor Covering to our wider organisation, which will help us work towards achieving key targets for growth within the East Midlands, as well as support our wider network to ensure top-class service at all times.
This deal would not have been possible without the fantastic support of David, Hannah, and the rest of their team at WBD, who over recent months were vital due to their wealth of legal experience in ensuring mergers and acquisitions like this one completed smoothly."
Ranking in the UK's top 25 law firms, WBD supports clients with achieving regional, national, and international growth strategies.
The firm's corporate service team advises clients on a broad range of transactions including M&As, IPOs, MBOs, joint ventures, private equity investments as well as growth and development capital fundraisings.
